by Jared Fruland
News today came out of the United Nations headquarters in New York City, NY drafting a new "theme" for humanitarian assistance to nations in need or nations in socioeconomic recessions. The council for United Economic Aid along with the United Nations Economic and Social Council said they would begin to devote their aid to “Strengthening of the coordination of United Nations humanitarian assistance through enhancing the effectiveness of needs-based humanitarian assistance”. The representative of the United States said the decision just adopted would strengthen the lines of communication between the Committee and Samoa as well as increase Member State participation in the Committee’s process. This being a huge success for both the United Nations and struggling, developing nations globally. United Nations proficiency is both increasing along with world wide acceptance. We can expect global humanitarian aid to be on a all time rise coming out of the United Nations. A clear sign of positive reforms being drafted inside the United Nations.
Friday
European Interest Rates Rise, will the US Rise too?
by Jared Fruland
European interest rates hiked up little by little this week, while the U.S. interest rates remained the same. The moves are small, however, nervous investors are keeping a close eye on the rates, due to a shifiting economy and the unpredicted fall of the markets last week. A worldwide stock tumble last week -- where a plunge in the Chinese stock market set off the dominoes that knocked down the Dow Jones industrials more than 400 points in one day.
European interest rates hiked up little by little this week, while the U.S. interest rates remained the same. The moves are small, however, nervous investors are keeping a close eye on the rates, due to a shifiting economy and the unpredicted fall of the markets last week. A worldwide stock tumble last week -- where a plunge in the Chinese stock market set off the dominoes that knocked down the Dow Jones industrials more than 400 points in one day.
Thursday
American Markets Shattered, Asia Markets Rise, however, progress is happening
by Jared Fruland
The American DOW Jones Industrial Average had a shattering day on Wall St. on Febraury 27th. The main causes are caused to the markets massive selling of its shares, one cause could be Ford's massive corporate restruction, which has caused the market billions. The Dow fell more than 200 points in the first few minutes, while the Asian markets skyrocketed. Progress will come, says optimistic analysts. This comes at a time of great economic growth.
The American DOW Jones Industrial Average had a shattering day on Wall St. on Febraury 27th. The main causes are caused to the markets massive selling of its shares, one cause could be Ford's massive corporate restruction, which has caused the market billions. The Dow fell more than 200 points in the first few minutes, while the Asian markets skyrocketed. Progress will come, says optimistic analysts. This comes at a time of great economic growth.
Friday
World Economy Expected to Decelerate in 2007
by Jared Fruland
The UN released on Friday , February 23 that the world economy will decelerate in 2007. This comes after three years of broad-based, upward growth of world economies. The world is expected to decelerate, due to a slowdown in the U.S. economy. However, least developed countries have experienced continual growth, more than that of the industrialized giants. In my opinion, I like to see the developed countries growing their economies, eliminating poverty, providing health care, and security. However, for the industrialized countries, like the U.S., we need to make sure that these countries can maintain a stable economy, find problems, and reform.
The UN released on Friday , February 23 that the world economy will decelerate in 2007. This comes after three years of broad-based, upward growth of world economies. The world is expected to decelerate, due to a slowdown in the U.S. economy. However, least developed countries have experienced continual growth, more than that of the industrialized giants. In my opinion, I like to see the developed countries growing their economies, eliminating poverty, providing health care, and security. However, for the industrialized countries, like the U.S., we need to make sure that these countries can maintain a stable economy, find problems, and reform.
Wednesday
South Africa on the brink of a new budget
by Jared Fruland
South Africa Legislature unveiled a new budget plan today with surprising increases in the areas of: housing, education, and health. They also unveiled new plans to design and implement a new Social Security policy for all the people in South Africa. The annual budget, according to MSN Money, has been set at $534 Billion. In my opinion this could possibly be an amazing feet for S. Africa. With improved education, health, security, and a social security plan, people will live longer and the economy only has one way to go, up. Finance Minister Trevor Manuel told Parliament, "The 2007 budget strives to accelerate economic growth and work opportunities, modernize our public services and infrastructure, and fight poverty because we have a shared pledge to work together in action." This is an excellent example of both economic reform and hopefully, economic growth in the future. This comes at the same time as the UN releasing their Regionalization on economic growth for Africa, a revolutionary idea concluded by many at a two-day meeting in Kenya. With the immense help from the UN and different countries economies it will yield a higher standard of living for different countries economies. It is good to see the UN helping improve countries economies and standards of living.
South Africa Legislature unveiled a new budget plan today with surprising increases in the areas of: housing, education, and health. They also unveiled new plans to design and implement a new Social Security policy for all the people in South Africa. The annual budget, according to MSN Money, has been set at $534 Billion. In my opinion this could possibly be an amazing feet for S. Africa. With improved education, health, security, and a social security plan, people will live longer and the economy only has one way to go, up. Finance Minister Trevor Manuel told Parliament, "The 2007 budget strives to accelerate economic growth and work opportunities, modernize our public services and infrastructure, and fight poverty because we have a shared pledge to work together in action." This is an excellent example of both economic reform and hopefully, economic growth in the future. This comes at the same time as the UN releasing their Regionalization on economic growth for Africa, a revolutionary idea concluded by many at a two-day meeting in Kenya. With the immense help from the UN and different countries economies it will yield a higher standard of living for different countries economies. It is good to see the UN helping improve countries economies and standards of living.
Sunday
Google's Riches Trickle Down
posted by Jared Fruland
copied from MarketWatch
All those harried days juggling phone calls have paid off handsomely for Shannon Hermes.
Hermes now owns about $1.3 million worth of Google (GOOG, news, msgs) stock, the result of Google's acquisition of YouTube last year, according to a new regulatory filing by Google.
But this new millionaire isn't one of the founders of the video-sharing startup. Nor can she take credit for planting the venture-capital seed money that got it off the ground. Hermes, as it happens, is none other than the receptionist and office manager for YouTube.
It's well-known that Google's $1.65 billion purchase of YouTube made very rich men out of co-founders Chad Hurley and Steve Chen, who each received hundreds of millions of dollars' worth of Google stock. There's also been lots of attention paid to how Sequoia Capital, one of YouTube's original venture-capital backers, stands to make about $442.3 million from the deal.
Video: YouTube's big break
But what's emerging now is the dozens of less glamorous YouTube people pocketing multimillion-dollar rewards, at least on paper, from the acquisition. Most appear to have been with the company since it was founded in mid-2005, and they occupy positions far from the boardroom.
Aside from Hermes, there's Julie Supan, YouTube's chief spokeswoman, who received Google stock worth $4.9 million, according to the company's regulatory filing. Heather Nicole Gillette, YouTube's director of customer support, is facing a potential $4 million payday.
For helping to build YouTube's systems, Bradley Wayne Heilbrun has a potential $6.1 million payout. Christina Brodbeck, a senior user-interface designer, is now worth at least $8.9 million. For serving as a YouTube community advocate, Micah Jody Schaffer Shebar could cash out with $1.63 million.
"It's just mind-boggling," said Joe Capobianco, a mergers-and-acquisitions attorney with Reisman, Peirez and Reisman, a Garden City, N.Y., law firm.
copied from MarketWatch
All those harried days juggling phone calls have paid off handsomely for Shannon Hermes.
Hermes now owns about $1.3 million worth of Google (GOOG, news, msgs) stock, the result of Google's acquisition of YouTube last year, according to a new regulatory filing by Google.
But this new millionaire isn't one of the founders of the video-sharing startup. Nor can she take credit for planting the venture-capital seed money that got it off the ground. Hermes, as it happens, is none other than the receptionist and office manager for YouTube.
It's well-known that Google's $1.65 billion purchase of YouTube made very rich men out of co-founders Chad Hurley and Steve Chen, who each received hundreds of millions of dollars' worth of Google stock. There's also been lots of attention paid to how Sequoia Capital, one of YouTube's original venture-capital backers, stands to make about $442.3 million from the deal.
Video: YouTube's big break
But what's emerging now is the dozens of less glamorous YouTube people pocketing multimillion-dollar rewards, at least on paper, from the acquisition. Most appear to have been with the company since it was founded in mid-2005, and they occupy positions far from the boardroom.
Aside from Hermes, there's Julie Supan, YouTube's chief spokeswoman, who received Google stock worth $4.9 million, according to the company's regulatory filing. Heather Nicole Gillette, YouTube's director of customer support, is facing a potential $4 million payday.
For helping to build YouTube's systems, Bradley Wayne Heilbrun has a potential $6.1 million payout. Christina Brodbeck, a senior user-interface designer, is now worth at least $8.9 million. For serving as a YouTube community advocate, Micah Jody Schaffer Shebar could cash out with $1.63 million.
"It's just mind-boggling," said Joe Capobianco, a mergers-and-acquisitions attorney with Reisman, Peirez and Reisman, a Garden City, N.Y., law firm.
Thursday
G-7 Finance Ministers to Meet
posted by Jared Fruland
copied from the Associated Press
FRANKFURT, Germany (AP) - Finance ministers and central bankers from the world's seven richest nations are set to focus on hedge funds, foreign exchange issues, energy and education as they gather this weekend.
While initial talk ahead of the meeting has focused on European concerns that the Japanese yen, a driver of economic growth in Asia, has been weakening, a wider examination of foreign exchange rates and their effect on economies will likely result.
"The issue is a central element in G-7 talks," German Deputy Finance Minister Thomas Mirow said this week at a briefing on the two-day summit which starts Friday in the west German city of Essen.
But while the euro has hit new highs against the Japanese currency, to reach 158 yen, the country's interest rates are still at just 0.25 percent. At the same time, rates in the euro-zone and Britain have steadily been raised.
The yen's weakness against the euro has caused some concern among EU finance ministers because it makes Japanese goods less expensive than those made by companies in the EU.
Mirow wouldn't say if the yen would be the dominant issue of the meeting, saying all currencies remained an issue and that "the yen is also an important currency, among others."
Japan's Vice Finance Minister Hideto Fujii said Thursday that he expected the finance and central banks chiefs from the Britain, Canada, France, Germany, Italy, Japan and the United States to discuss overall macroeconomic, financial, monetary and currency conditions, but not to zero in on the yen.
Another key issue the finance officials will likely examine is the growth of hedge funds, a significant topic for Germany given their rising influence over companies.
Hedge funds became a political hot potato in Germany in 2005 when a senior Social Democrat politician called for tougher controls, describing them as "locusts" after hedge fund pressure botched Deutsche Boerse AG's bid for the London Stock Exchange PLC and forced out the German stock exchange's chief executive.
Germany has made hedge fund issues a de rigeur topic for its EU and G-8 presidencies this year. Finance Minister Peer Steinbrueck has said the country wants G-7 nations and EU countries, along with the U.S. to try and figure out how to pre-empt any risks that speculative hedge funds may pose to the global financial system.
Hedge funds -- high-risk, largely unregulated and secretive investment pools -- have traditionally been the investment domain of the wealthy but have become popular with pension funds, life insurance companies and small investors looking for high returns.
The U.S. Treasury said the ministers would dicuss the impact that hedge funds have on the global financial system, including whether increased oversight would help policy makers. But it stressed that the Bush administration believes that market discipline -- not more regulation -- was the best way to monitor hedge funds.
copied from the Associated Press
FRANKFURT, Germany (AP) - Finance ministers and central bankers from the world's seven richest nations are set to focus on hedge funds, foreign exchange issues, energy and education as they gather this weekend.
While initial talk ahead of the meeting has focused on European concerns that the Japanese yen, a driver of economic growth in Asia, has been weakening, a wider examination of foreign exchange rates and their effect on economies will likely result.
"The issue is a central element in G-7 talks," German Deputy Finance Minister Thomas Mirow said this week at a briefing on the two-day summit which starts Friday in the west German city of Essen.
But while the euro has hit new highs against the Japanese currency, to reach 158 yen, the country's interest rates are still at just 0.25 percent. At the same time, rates in the euro-zone and Britain have steadily been raised.
The yen's weakness against the euro has caused some concern among EU finance ministers because it makes Japanese goods less expensive than those made by companies in the EU.
Mirow wouldn't say if the yen would be the dominant issue of the meeting, saying all currencies remained an issue and that "the yen is also an important currency, among others."
Japan's Vice Finance Minister Hideto Fujii said Thursday that he expected the finance and central banks chiefs from the Britain, Canada, France, Germany, Italy, Japan and the United States to discuss overall macroeconomic, financial, monetary and currency conditions, but not to zero in on the yen.
Another key issue the finance officials will likely examine is the growth of hedge funds, a significant topic for Germany given their rising influence over companies.
Hedge funds became a political hot potato in Germany in 2005 when a senior Social Democrat politician called for tougher controls, describing them as "locusts" after hedge fund pressure botched Deutsche Boerse AG's bid for the London Stock Exchange PLC and forced out the German stock exchange's chief executive.
Germany has made hedge fund issues a de rigeur topic for its EU and G-8 presidencies this year. Finance Minister Peer Steinbrueck has said the country wants G-7 nations and EU countries, along with the U.S. to try and figure out how to pre-empt any risks that speculative hedge funds may pose to the global financial system.
Hedge funds -- high-risk, largely unregulated and secretive investment pools -- have traditionally been the investment domain of the wealthy but have become popular with pension funds, life insurance companies and small investors looking for high returns.
The U.S. Treasury said the ministers would dicuss the impact that hedge funds have on the global financial system, including whether increased oversight would help policy makers. But it stressed that the Bush administration believes that market discipline -- not more regulation -- was the best way to monitor hedge funds.
Wednesday
Pressure to Utilize Excess Resources Should Lead to Increased M&A Activity in 2007, Says S&P Report
posted by Jared Fruland
copied from http://news.moneycentral.msn.com
Standard & Poor's, the world's leading index provider, announced today in a research report that it expects M&A activity for both public and private companies to increase in both the number of deals and their dollar size in 2007, as well as become more competitive in nature.
Standard & Poor's research shows that publicly traded companies have built up enormous war chests in both cash on hand and treasury shares -- a result of eight consecutive quarters of enormous share buybacks -- yet their M&A activity has been timid when compared to their excess resources and need for growth.
"The enormous size of these unused, liquid resources speak to the potential of future returns for shareholders," says Howard Silverblatt, Senior Index Analyst at Standard & Poors, and author of the study. "As earnings decline and an economic slowdown becomes more apparent, investor's demand for companies to utilize these resources will grow, changing the risk/reward trade-off for management."
The Standard & Poor's report also notes the growth in M&A deals by private equity funds. These funds are set up to take on additional risk in hope of receiving additional reward. "The timid (but growing) M&A action by the public sector has left private equity funds with a wider selection of target companies and fewer public companies to compete against for their target," says Silverblatt. "The result is less expensive deals that limit the return to shareholders."
Given the available resources, the speculative appetite on the private side for greater returns, and a need to maintain recent high profitability on the side of public entities, Standard & Poor's expects M&A to continue to increase and create a more competitive environment. "Completion of M&A activity between both public and private concerns should increase in 2007, creating higher premiums and raising the bar on the necessary return on invested capital," concludes Silverblatt.
copied from http://news.moneycentral.msn.com
Standard & Poor's, the world's leading index provider, announced today in a research report that it expects M&A activity for both public and private companies to increase in both the number of deals and their dollar size in 2007, as well as become more competitive in nature.
Standard & Poor's research shows that publicly traded companies have built up enormous war chests in both cash on hand and treasury shares -- a result of eight consecutive quarters of enormous share buybacks -- yet their M&A activity has been timid when compared to their excess resources and need for growth.
"The enormous size of these unused, liquid resources speak to the potential of future returns for shareholders," says Howard Silverblatt, Senior Index Analyst at Standard & Poors, and author of the study. "As earnings decline and an economic slowdown becomes more apparent, investor's demand for companies to utilize these resources will grow, changing the risk/reward trade-off for management."
The Standard & Poor's report also notes the growth in M&A deals by private equity funds. These funds are set up to take on additional risk in hope of receiving additional reward. "The timid (but growing) M&A action by the public sector has left private equity funds with a wider selection of target companies and fewer public companies to compete against for their target," says Silverblatt. "The result is less expensive deals that limit the return to shareholders."
Given the available resources, the speculative appetite on the private side for greater returns, and a need to maintain recent high profitability on the side of public entities, Standard & Poor's expects M&A to continue to increase and create a more competitive environment. "Completion of M&A activity between both public and private concerns should increase in 2007, creating higher premiums and raising the bar on the necessary return on invested capital," concludes Silverblatt.
Pressure to Utilize Excess Resources Should Lead to Increased M&A Activity in 2007, Says S&P Report
posted by Jared Fruland
copied from http://news.moneycentral.msn.com
Standard & Poor's, the world's leading index provider, announced today in a research report that it expects M&A activity for both public and private companies to increase in both the number of deals and their dollar size in 2007, as well as become more competitive in nature.
Standard & Poor's research shows that publicly traded companies have built up enormous war chests in both cash on hand and treasury shares -- a result of eight consecutive quarters of enormous share buybacks -- yet their M&A activity has been timid when compared to their excess resources and need for growth.
"The enormous size of these unused, liquid resources speak to the potential of future returns for shareholders," says Howard Silverblatt, Senior Index Analyst at Standard & Poors, and author of the study. "As earnings decline and an economic slowdown becomes more apparent, investor's demand for companies to utilize these resources will grow, changing the risk/reward trade-off for management."
The Standard & Poor's report also notes the growth in M&A deals by private equity funds. These funds are set up to take on additional risk in hope of receiving additional reward. "The timid (but growing) M&A action by the public sector has left private equity funds with a wider selection of target companies and fewer public companies to compete against for their target," says Silverblatt. "The result is less expensive deals that limit the return to shareholders."
Given the available resources, the speculative appetite on the private side for greater returns, and a need to maintain recent high profitability on the side of public entities, Standard & Poor's expects M&A to continue to increase and create a more competitive environment. "Completion of M&A activity between both public and private concerns should increase in 2007, creating higher premiums and raising the bar on the necessary return on invested capital," concludes Silverblatt.
copied from http://news.moneycentral.msn.com
Standard & Poor's, the world's leading index provider, announced today in a research report that it expects M&A activity for both public and private companies to increase in both the number of deals and their dollar size in 2007, as well as become more competitive in nature.
Standard & Poor's research shows that publicly traded companies have built up enormous war chests in both cash on hand and treasury shares -- a result of eight consecutive quarters of enormous share buybacks -- yet their M&A activity has been timid when compared to their excess resources and need for growth.
"The enormous size of these unused, liquid resources speak to the potential of future returns for shareholders," says Howard Silverblatt, Senior Index Analyst at Standard & Poors, and author of the study. "As earnings decline and an economic slowdown becomes more apparent, investor's demand for companies to utilize these resources will grow, changing the risk/reward trade-off for management."
The Standard & Poor's report also notes the growth in M&A deals by private equity funds. These funds are set up to take on additional risk in hope of receiving additional reward. "The timid (but growing) M&A action by the public sector has left private equity funds with a wider selection of target companies and fewer public companies to compete against for their target," says Silverblatt. "The result is less expensive deals that limit the return to shareholders."
Given the available resources, the speculative appetite on the private side for greater returns, and a need to maintain recent high profitability on the side of public entities, Standard & Poor's expects M&A to continue to increase and create a more competitive environment. "Completion of M&A activity between both public and private concerns should increase in 2007, creating higher premiums and raising the bar on the necessary return on invested capital," concludes Silverblatt.
Friday
Tough week on Wall Street
posted by Jared Fruland
copied from http://news.moneycentral.msn.com
Dow, S&P 500 fall as economic reports ignite worries about interest rates; Nasdaq gains thanks to Microsoft.
Stocks stumbled Friday as worries about higher interest rates overshadowed the day's corporate news, including upbeat earnings from Microsoft and Caterpillar, weaker results from Amgen and a Citigroup downgrade of Cisco Systems.
The Dow Jones Industrial average (down 15.54 to 12,487.02, Charts) and the broader S&P 500 (down 1.72 to 1,422.18, Charts) lost 0.1 percent.Stocks zigzagged throughout the week until Thursday when the Dow suffered its worst one-day selloff in two months after a report hinting at a bottoming in the housing market - paired with a spike in Treasury yields - revived worries about higher interest rates.
Investors clung to such worries Friday as a second housing market report suggested a bottoming, this time in new home sales, in addition to a strong December durable goods orders report.
Strong economic growth is good for corporate profits and ultimately leads to stock gains, but investors may be concerned that if growth is too strong it will cause the Federal Reserve to start raising interest rates again.
"People are worried that stronger growth will bring the Fed off the sidelines and drive interest rates higher, at the same time that earnings growth is slowing," said Charles Smith, chief investment officer at Fort Pitt Capital Group.
Stocks stumbled Friday as worries about higher interest rates overshadowed the day's corporate news, including upbeat earnings from Microsoft and Caterpillar, weaker results from Amgen and a Citigroup downgrade of Cisco Systems.
The Dow Jones Industrial average (down 15.54 to 12,487.02, Charts) and the broader S&P 500 (down 1.72 to 1,422.18, Charts) lost 0.1 percent.Stocks zigzagged throughout the week until Thursday when the Dow suffered its worst one-day selloff in two months after a report hinting at a bottoming in the housing market - paired with a spike in Treasury yields - revived worries about higher interest rates.
Investors clung to such worries Friday as a second housing market report suggested a bottoming, this time in new home sales, in addition to a strong December durable goods orders report.
Strong economic growth is good for corporate profits and ultimately leads to stock gains, but investors may be concerned that if growth is too strong it will cause the Federal Reserve to start raising interest rates again.
"People are worried that stronger growth will bring the Fed off the sidelines and drive interest rates higher, at the same time that earnings growth is slowing," said Charles Smith, chief investment officer at Fort Pitt Capital Group.
Thursday
Dow has ground breaking loss
by Jared Fruland
The Dow Jones Industrial Average fell today a drastic 112 points. This is very shocking compared to the amazing increases the market has been yielding the past few months. Just yesterday the Dow gained a significant 89 points. The main reason for this, Inflation. The inflation explanation direct from CNN Money is; Stocks slumped Thursday, with the Dow industrial losing more than 100 points one session after hitting a record high after a weak housing report and a spike in Treasury bond yields revived worries about interest rates and the economy.
The Dow Jones Industrial average (down 119.21 to 12,502.56,) lost 119 points, its biggest one-day decline in almost two months. The blue-chip barometer had ended the previous session at a record close.
So the main reason for declining point in the Dow is due to inflation and treasury bond yields. My recommendation is to hold all shares in the Dow Industrial Average.
The Dow Jones Industrial Average fell today a drastic 112 points. This is very shocking compared to the amazing increases the market has been yielding the past few months. Just yesterday the Dow gained a significant 89 points. The main reason for this, Inflation. The inflation explanation direct from CNN Money is; Stocks slumped Thursday, with the Dow industrial losing more than 100 points one session after hitting a record high after a weak housing report and a spike in Treasury bond yields revived worries about interest rates and the economy.
The Dow Jones Industrial average (down 119.21 to 12,502.56,) lost 119 points, its biggest one-day decline in almost two months. The blue-chip barometer had ended the previous session at a record close.
So the main reason for declining point in the Dow is due to inflation and treasury bond yields. My recommendation is to hold all shares in the Dow Industrial Average.
Wednesday
Earnings Galore
posted by Jared Fruland
copied from http://money.cnn.com
Among other stocks moving on quarterly results, Corning (up $2.13 to $20.97, Charts) surged 10 percent in active trading after reporting higher fourth-quarter sales and earnings that topped estimates. Corning also warned that first-quarter profit won't meet expectations.
Cell phone chip maker RF Micro Devices (up $0.92 to $7.80, Charts) reported better than expected earnings late Tuesday and issued a current-quarter forecast that is above analysts' projections. Shares gained 11 percent Wednesday.
Dow component AT&T (up $1.51 to $36.87, Charts) rallied on news that subsidiary Cingular Wireless posted sharply higher fourth-quarter profit.
On the down side, Advanced Micro Devices (down $1.49 to $16.02, Charts) reported a quarterly loss late Tuesday versus a profit a year earlier. The results were worse than analysts were expecting. The chip maker also issued first-quarter profit guidance that is short of forecasts.
On Wednesday morning, Dow component McDonald's (down $0.70 to $44.15, Charts) reported fourth-quarter results that surged from a year earlier and met analysts' per share earnings forecast. However, market participants took a "sell the news" reaction and sent shares lower.
Market breadth was positive. On the New York Stock Exchange, winners topped losers 11 to 5 on volume of almost 1.33 billion shares. On the NASDAQ, advancers beat decliners 2 to 1 on volume of 1.94 billion shares.
copied from http://money.cnn.com
Among other stocks moving on quarterly results, Corning (up $2.13 to $20.97, Charts) surged 10 percent in active trading after reporting higher fourth-quarter sales and earnings that topped estimates. Corning also warned that first-quarter profit won't meet expectations.
Cell phone chip maker RF Micro Devices (up $0.92 to $7.80, Charts) reported better than expected earnings late Tuesday and issued a current-quarter forecast that is above analysts' projections. Shares gained 11 percent Wednesday.
Dow component AT&T (up $1.51 to $36.87, Charts) rallied on news that subsidiary Cingular Wireless posted sharply higher fourth-quarter profit.
On the down side, Advanced Micro Devices (down $1.49 to $16.02, Charts) reported a quarterly loss late Tuesday versus a profit a year earlier. The results were worse than analysts were expecting. The chip maker also issued first-quarter profit guidance that is short of forecasts.
On Wednesday morning, Dow component McDonald's (down $0.70 to $44.15, Charts) reported fourth-quarter results that surged from a year earlier and met analysts' per share earnings forecast. However, market participants took a "sell the news" reaction and sent shares lower.
Market breadth was positive. On the New York Stock Exchange, winners topped losers 11 to 5 on volume of almost 1.33 billion shares. On the NASDAQ, advancers beat decliners 2 to 1 on volume of 1.94 billion shares.
Markets on the Rise!
by Jared Fruland
My investment decisions were on the ball, the Dow increased by a drastic 88 points, with the NASDAQ increasing 35 points, and the S&P increasing at 12 points. These increases can only be due to the President's State of the Union. Many of his points aimed at the increasing U.S. Economy, obviously the brokers listened, with today's market stats. If you haven't been active in the stock market by know, get in now!
My investment decisions were on the ball, the Dow increased by a drastic 88 points, with the NASDAQ increasing 35 points, and the S&P increasing at 12 points. These increases can only be due to the President's State of the Union. Many of his points aimed at the increasing U.S. Economy, obviously the brokers listened, with today's market stats. If you haven't been active in the stock market by know, get in now!
Tuesday
President Delivers State of the Union
by Jared Fruland
President George W. Bush, with Speaker of the House Pelosi, and Vice President Cheney. The President spoke of great advances in U.S. Economy, and also included that he will be briefing the nation on the state of the economy. Of course I will be their to report back about the president's actions and decisions. He said that inflation with unemployment has had drastic decreases. The employment has increased, and the deficit has been cut in half. His plan is now to decrease the deficit again and decrease dependence of foreign oil, while also providing health care to all citizens. Overall, the President's speech, according to NBC, was more somber than previous speeches, this is largely due to the new standings in congress. With the democrats in control, the President addressed more democratic issues like Immigration and Global Warming. The economy has the points to help prove the President's plan for economic improvement. The stock market has been recording record highs, in fact, the economy has become so strong, it was one of the leading reasons for starting The Economic Factor. The one thing we can still expect is a stronger economy for the U.S.
President George W. Bush, with Speaker of the House Pelosi, and Vice President Cheney. The President spoke of great advances in U.S. Economy, and also included that he will be briefing the nation on the state of the economy. Of course I will be their to report back about the president's actions and decisions. He said that inflation with unemployment has had drastic decreases. The employment has increased, and the deficit has been cut in half. His plan is now to decrease the deficit again and decrease dependence of foreign oil, while also providing health care to all citizens. Overall, the President's speech, according to NBC, was more somber than previous speeches, this is largely due to the new standings in congress. With the democrats in control, the President addressed more democratic issues like Immigration and Global Warming. The economy has the points to help prove the President's plan for economic improvement. The stock market has been recording record highs, in fact, the economy has become so strong, it was one of the leading reasons for starting The Economic Factor. The one thing we can still expect is a stronger economy for the U.S.
Welcome to the New Economic Factor
by Jared Fruland
I've decided to display my economic news in a new way, with a new template, better charts refreshed by yahoo, weekly polls, and up-to-date posts. I hope you enjoy the changes, please leave a compliment or comment. Thank You!
I've decided to display my economic news in a new way, with a new template, better charts refreshed by yahoo, weekly polls, and up-to-date posts. I hope you enjoy the changes, please leave a compliment or comment. Thank You!
National Debt? A Real Problem?
by Jared Fruland
As of 3:05 PM GMT the U.S. National Debt was at an astounding $8,680,657,258,410.93 and is at an average increase of $1.5 billion dollars a day. The average amount per person contributed to the U.S. debt is $28,860.22. This is brought up to day, due to the near President's State of the Union Address. When President Bush gives his State of the Union address tonight, don't expect accurate numbers on the budget. What you can count on is that the deficit is disastrous and the debt is piling up. So I advice anybody interested in the U.S. economy should be very alert to tonight's address.
As of 3:05 PM GMT the U.S. National Debt was at an astounding $8,680,657,258,410.93 and is at an average increase of $1.5 billion dollars a day. The average amount per person contributed to the U.S. debt is $28,860.22. This is brought up to day, due to the near President's State of the Union Address. When President Bush gives his State of the Union address tonight, don't expect accurate numbers on the budget. What you can count on is that the deficit is disastrous and the debt is piling up. So I advice anybody interested in the U.S. economy should be very alert to tonight's address.
Friday
15 Picks for 2007
by Jared Fruland (Information compiled from MSN:Money)
Most of the companies listed in this list have mostly been pulled from the rising Dow Industrial. Investors could not have foreseen the increasing numbers on the Dow. No doubts the Dow will continue to rise above speculation.
1. Fifth Third Bank
2. Bank of America
3. Citigroup
4. Eaton Vance
5. Mercury General
6. Pfizer
7. Merck
8. McDonald's
9. Sysco
10. Home Depot
11. Teleflex
12. Automatic Data Processing
13. Polaris Industries
14. Ken Kam
15. U.S. Global Investors
Most of the companies listed in this list have mostly been pulled from the rising Dow Industrial. Investors could not have foreseen the increasing numbers on the Dow. No doubts the Dow will continue to rise above speculation.
1. Fifth Third Bank
2. Bank of America
3. Citigroup
4. Eaton Vance
5. Mercury General
6. Pfizer
7. Merck
8. McDonald's
9. Sysco
10. Home Depot
11. Teleflex
12. Automatic Data Processing
13. Polaris Industries
14. Ken Kam
15. U.S. Global Investors
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